L&T inks reactor deal with Atomic Energy of Canada

MUMBAI: Larsen & Toubro (L&T), the country���s largest engineering company, announced on Thursday that it has signed an agreement with Atomic Energy of Canada (AECL) to build 1,000 MW nuclear reactor in India, reports Our Bureau.

This is L&T���s second announcement in the nuclear power space within 10 days. It had earlier signed a similar agreement with US-based Westinghouse. ���L&T and AECL have joined hands to develop a competitive cost model for the ACR 1000 and both have agreed to begin discussions to develop nuclear power plants in India and utilise the capacity in global markets,��� L&T said in statement.

While L&T���s agreement with Canadian company will focus on building advanced pressurised heavy water reactors, its deal with US-company will concentrate on advanced light water reactors. Both the agreements are subject to the government nod.